GBPEUR worth a punt, as fundamentally the EUR shouldn't be rising but today it's getting squeezed up, even though Ireland got downgraded 5 notches today by moody's from Aa2 to Baa1 (
FT Article), it seems the German optimisim highlighted by the rise in the "
Munich based Ifo's business confidence index" is the only thing offsetting the bad news.
The only thing holding the EUR up now seems to be air, and over optimism from Germany! So I'm long GBPEUR short term till the end of the year at least, and then reevaluate if the GBP continues to decline...
Current GBPEUR level 1.1734... let's see where this ends up on Monday...